Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc. is a global leader in energy and environmental technologies, providing equipment and services for power generation and industrial markets. The company operates through three main segments: Babcock & Wilcox, Vølund & Other Renewable, and SPIG. The Babcock & Wilcox segment specializes in engineering, procurement, manufacturing, and construction of utility and industrial boilers, as well as air pollution control systems and related services. The Vølund & Other Renewable segment focuses on steam-generating systems and environmental equipment for waste-to-energy and biomass power generation. SPIG offers cooling systems and aftermarket services, including upgrades and remote monitoring. Founded in 1867 and headquartered in Akron, Ohio, Babcock & Wilcox employs approximately 5,700 people and serves a diverse customer base across various regions, including the United States, Canada, Denmark, and the United Kingdom.

4 past transactions

Fossil Power Systems

Acquisition in 2022
Fossil Power Systems is a Canadian company recognized as a leader in designing and manufacturing firing equipment and safety systems for the power generation, pulp and paper, and petrochemical sectors. The company specializes in providing a range of products, including gas burners, ignitors, flame scanners, and burner management systems. It also offers comprehensive services for boiler gas conversions, encompassing natural gas piping design and fabrication, as well as combustion control systems. Fossil Power Systems focuses on developing solutions that accommodate various fuel types, including hydrogen, natural gas, and renewable resources, demonstrating its commitment to advancing technology in these industries.

Fosler Construction Company

Acquisition in 2021
Fosler Construction Company specializes in construction services, focusing on both building new structures and renovating existing ones. The company offers a range of services, including rough framing, finish carpentry, and various installation tasks. Additionally, Fosler Construction is actively involved in the solar energy sector, providing engineering, procurement, and construction (EPC) services specifically for renewable energy projects. This dual focus on traditional construction and renewable energy positions Fosler Construction as a versatile player in the industry, addressing the needs of diverse clients while contributing to sustainable energy initiatives.

Universal Acoustic & Emission Technologies

Acquisition in 2017
UniversalAET is a bolt-on acquisition for B&W MEGTEC and will be included in B&W’s Industrial operating segment. The new company will be named Babcock & Wilcox Universal and operate under the trade name B&W Universal. UniversalAET provides custom-engineered acoustic, emission and filtration solutions to the natural gas power generation, mid-stream natural gas pipeline, locomotive and general industrial end-markets. UniversalAET employs approximately 460 people, mainly in the U.S. and Mexico. UniversalAET’s product offering includes gas turbine inlet and exhaust systems, custom silencers, filters and custom enclosures.

Spig S.p.A.

Acquisition in 2016
SPIG S.p.A. specializes in the design, manufacture, supply, and installation of cooling systems tailored for various industries, including thermal power plants, petroleum refineries, petrochemical sectors, steelworks, sugar refineries, food industries, and district cooling markets. The company offers a diverse range of products, such as natural draft and mechanical draft cooling towers, fiberglass reinforced polyester structures, and air-cooled condensers, along with auxiliary equipment like pumps, filters, and piping systems. Additionally, SPIG S.p.A. provides on-site assistance, maintenance, and training services to its clients. Established in 1936 and headquartered in Arona, Italy, the company operates through a network of agents across Europe, the Americas, the Middle East, and Asia, and has production facilities in Brazil and India, as well as warehouses in Italy. SPIG S.p.A. has been a subsidiary of Babcock & Wilcox Enterprises, Inc. since July 2016.
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